HSBC Mutual Fund
Sectoral / Thematic · Direct · Growth
NAV as of 30 Oct 2026 · Source: AMFI
HSBC Business Cycles Fund is a Sectoral / Thematic fund from HSBC Mutual Fund, with NAVs going back to November 2022. This page covers its direct plan, growth option. It manages ₹1,139 crore, the 127th largest of 246 Sectoral / Thematic funds. Its expense ratio is 1.15% a year, in line with the median of 1.15% for Sectoral / Thematic funds.
Over the last three years it returned 14.87% a year, 54th of 137 Sectoral / Thematic funds (median 12.96%). It is 5.13 percentage points a year ahead of its benchmark, the Nifty 500 TRI, over three years, on AMFI's figures. Its biggest fall from a peak in the last three years was 23.4%, and AMFI's riskometer rates it Very High.
Annualised (CAGR) for periods over a year, calculated from AMFI NAVs up to 30 Oct 2026. Past performance does not guarantee future returns. How we calculate returns
1 Year
-4.83%
3 Years
+14.87%
Since launch (28 Nov 2022)
+14.81%
Fund and benchmark returns as published by AMFI for 29 Oct 2026, so both sides use the same date and method. They can differ slightly from the figures above.
| Period | This fund | Benchmark | Difference |
|---|---|---|---|
| 1 Year | -3.40% | -7.58% | +4.18 pts |
| 3 Years | +15.52% | +10.39% | +5.13 pts |
| 5 Years | +13.47% | +8.85% | +4.62 pts |
| 10 Years | +12.81% | +12.54% | +0.27 pts |
| Since launch | +13.34% | +11.93% | +1.41 pts |
Measured from this fund's own daily NAVs over the last three years.
Volatility (annualised)
18.5%
How much the NAV typically swings in a year. Higher means a bumpier ride.
Worst fall from a peak
-23.4%
The biggest drop from a high to a later low. A sense of what a bad stretch has looked like.
Daily NAV since 28 Nov 2022.
These come from the fund's monthly factsheet and Scheme Information Document (SID). We don't show them yet, because we can't keep them accurate. Check them on HSBC Mutual Fund's website before you invest.
Funds next to HSBC Business Cycles Fund, in the same category, ranked by 3-year return.
SBI Mutual Fund
Sectoral / Thematic
+14.6% 3Y CAGR
HSBC Business Cycles Fund - Direct Growth
Research-only · No transactions